All Roll Calls
Yes: 169 • No: 2
Sponsored By: L. Louise Lucas (Democratic)
Became Law
Solid Rocket Motor Manufacturing Grant Fund. Establishes the Solid Rocket Motor Manufacturing Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2046, in an amount not to exceed $6 million per fiscal year and in an aggregate amount not to exceed $97,723,000 to a qualified company that (i) engages in the manufacture of solid rocket motors, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $537,570,000 and create and maintain at least 1,546 new full-time jobs. This bill is identical to HB 1531.
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The law creates a special state fund for these grants that keeps its interest and year‑end balances. Grants can pay for building and development of the facility or any other lawful purpose. Payments can start with the budget year that begins July 1, 2027 and continue through the year that begins July 1, 2046, unless extended in the memorandum of understanding. Total grants are capped at $97.723 million, no more than $6 million per year, and no more than 20 straight years; any unpaid amounts after 20 years are forfeited. After you file, the Secretary certifies your grant within 60 days, and the Treasurer pays in the next budget year only if money is specifically appropriated.
To qualify, a company must make solid rocket motors and, from July 1, 2025 to before July 1, 2045, commit at least $537,570,000 in capital investment and create and keep at least 1,546 new full‑time jobs. Only projects and facilities in Pittsylvania County count toward these goals. A qualifying job must be mainly at the facility and pay at least $81,483 on average. It must include standard benefits and require 35 hours a week for at least 48 weeks, or 1,680 hours a year. Seasonal and contractor roles do not count.
To get each grant installment, the company must file proof of jobs and investment for the prior fiscal year with the Secretary by October 1. Late filings defer that year’s payment; mailed filings use the postmark date. On request, the company must let the Secretary inspect records, and documents the company marks as confidential are treated as confidential and proprietary.
L. Louise Lucas
Democratic • Senate
There are no cosponsors for this bill.
All Roll Calls
Yes: 169 • No: 2
House vote • 3/12/2026
Passed House
Yes: 94 • No: 2
House vote • 3/9/2026
Reported from Appropriations
Yes: 22 • No: 0
Senate vote • 3/5/2026
Read third time and passed Senate
Yes: 39 • No: 0
Senate vote • 3/4/2026
Engrossed by Senate (Voice Vote)
Yes: 0 • No: 0
Senate vote • 3/3/2026
Reported from Finance and Appropriations
Yes: 14 • No: 0
Acts of Assembly Chapter text (CHAP0349)
Approved by Governor-Chapter 349 (effective 7/1/2026)
Fiscal Impact Statement from Department of Planning and Budget (SB835)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 31, 2026
Signed by Speaker
Bill text as passed Senate and House (SB835ER)
Enrolled
Signed by President
Passed House (94-Y 2-N 0-A)
Read third time
Moved from Uncontested Calendar to Regular Calendar
Read second time
Reported from Appropriations (22-Y 0-N)
Referred to Committee on Appropriations
Read first time
Placed on Calendar
Read third time and passed Senate (39-Y 0-N 0-A)
Engrossed by Senate (Voice Vote)
Read second time
Read first time
Reported from Finance and Appropriations (14-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB835)
Referred to Committee on Finance and Appropriations
Presented and ordered printed 26108122D
Chaptered
4/6/2026
Enrolled
3/30/2026
Introduced
2/24/2026
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